Nzdusdsignals
Will the new increase (nzd/usd) be sharp?In my opinion, this currency pair is in a 5-wave downward trend.
We are currently in the middle of wave 4 and the first part of wave 4 movement has been completed. Currently, we should expect the formation of the second part of wave 4.
In the second part of the movement of wave 4, selling pressures will decrease and buyers will take over the market. As a result, the second part of the wave will be very sharp.
Be successful and profitable
NZDUSD Resuming uptrend to 0.6500 at least.The NZDUSD pair turned bullish and reversed the medium-term sell bias exactly on the moment we wanted it last time we posted on analysis on it:
As you see, the rebound took place exactly on the Lower Lows (bottom) trend-line of the long-term Bearish Megaphone, a pattern it's been trading in for over 1 year. At the moment, the price is consolidating around the 1D MA50 (blue trend-line), struggling to stay above it but nonetheless, it closed a 1D candle above it for the first time since April 12. Every time the pair closes above the 1D MA50, the rebound is extended to at least the 0.5 Fibonacci retracement level. This time, that at 0.65470 and if that is achieved within August, the price will make contact with the 1D MA200 (orange trend-line) as well.
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NZDUSD | Perspective for the new weekWith a breakout/retest of the major bearish trendline on the daily time frame, I am of the opinion that the Kiwi night gain momentum in the new week. In this video, I have explained how I intend to take advantage of a potential opportunity.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD
- Currently NZDUSD is going down very fast. The reason for that is the VIX UP and the strength of the dollar. Due to MARKET RISK OFF in the previous few days, COMMODITIES were also sold down very fast. Because of that, every NZD BASED CURRENCY PAIR was SOLD.
- Thus COMMODITIES are going down. It also affects the NZD very strongly. The weak currency of CURRENCY STRENGTH was the New Zealand dollar last week. RBNZ made a RATE HIKE today. Everyone knew for a long time that the RBNZ would do a RATE HIKE. Therefore, NZD did not get much attraction at that time.
- Anyway, NZDUSD can move further until it reaches 0.5999 LEVEL. And after that, if the MARKETS RISK is ON, you can definitely BREAK the TREND LINE above the NZDUSD and BUY until it reaches the 0.6500 LEVEL. Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
NZDUSD Time to turn bullish again.The NZDUSD pair hit our target of the last analysis we published following the +5.20% pattern:
That High was in fact formed and rejected on the 1D MA50 (blue trend-line), which has been unbroken since April 14. Technically, the price still trades within the long-term Bearish Megaphone pattern, so highs are best viewed as sell opportunities. Naturally however, a medium-term relief rally is most likely ahead of us as the 1D MA50 is as close to the price as the previous Lower Lows of August 20 2021 and January 28 2022.
As long as the Lower Lows trend-line (bottom) of the Megaphone holds, buy and aim again for a +50.20% rise (0.64400) with an extension of +7.65% (0.65800). The latter can make a perfect contact with the 1D MA200 (orange trend-line), which is intact since April 07.
On the other hand, if the price closes below the Megaphone, take the loss on the buy (small SL, low risk/ high return) and open a sell targeting the 1.5 Fibonacci extension a little over 0.5800.
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NZDUSD Wait for these levels to sellThe NZDUSD pair has been trading inside a one year pattern that resembles a Bearish Megaphone. Below you can see the most recent trade on the pair:
Recently on May 12, the price made a Lower Low and has been rebounding since. As you see within this pattern, a common characteristic of all rebounds but one is that they have been just over +5.00%. Exception is the one in February that rose by roughly +7.70%.
The current rebound is almost at +5.20% and taking into account that this is where the 0.382 Fibonacci retracement level is as well as the May 05 High (and current Resistance) of 0.65680, makes it a strong candidate for rejection.
However, the RSI is still only at 49.50 and the Lower Highs Sell Zone is way above (67.50 - 73.00). Even the April 2021 rebound reached the 63.75 1D RSI level before turning sideways and eventually getting rejected.
As a result, dedicate only a small portion for selling here, most should be done after a +7.70%, roughly at 0.6670, which is also marginally below the 0.618 Fibonacci retracement level and by the time where the 1D MA200 (orange trend-line) is likely to be.
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NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently slightly UP. The main reason for this is the UP of occasional COMMODITIES and some weakness in the USD. The POSITIVE SENTIMENT for USD has not diminished yet. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6341 LEVEL. The DXY is currently trading slightly below 103.91. According to the MARKET SENTIMENT and the USD is currently slightly WEAK. Prices are below NZDUSD DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. And the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
- NZDUSD PRICE can be DOWN to 0.6284 LEVEL before UP. Then it can be UP to 0.6660 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- USD JOLTS JOB DATA is to be released today in the NEWYORK SESSION. It's a HIGH IMPACT NEWS. This is why you need to keep an eye on us.
- NZD FEATURE is currently down a bit. The main reason for this is the slowdown in periodic COMMODITIES and the slight strength of the USD. The POSITIVE SENTIMENT for USD has not decreased yet. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6428 LEVEL. The DXY is currently up to 103.66. According to the MARKET SENTIMENT and the USD is currently slightly STRONG. Prices are below NZDUSD DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is moving towards the RISK ON side. Also the EQUITIES have become a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES is showing a UP SIDE BIAS right now. MARKETS currently have a NEUTRAL SENTIMENT, but the RISK ON SENTIMENT is too heavy. HIGH BEATA CURRENCIES are also UP going very well.
- NZDUSD PRICE can return to 0.6288 LEVEL and then UP from that LEVEL. NZDUSD SHORT TERM may be further BUY if COMMODITIES PRICES UP UP, VOLATILITY DOWN.
- NZDUSD PRICE can go to 0.6288 LEVEL before UP. Then you can BREAK the TREND LINE and UP to 0.6660 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently down a bit. The main reason for this is the slowdown in COMMODITIES and the slight strength of the USD. The POSITIVE SENTIMENT for USD has not diminished yet. The NZD FEATURE stands at 0.6560 LEVEL. The DXY is currently up to 102.54. According to the MARKET SENTIMENT and the USD is currently slightly STRONG. Prices are below NZDUSD DYNAMIC LEVELS.
- Currently the SENTIMENT of the OVERALL MARKET is moving towards the RISK ON side. Also the EQUITIES have become a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES is showing a UP SIDE BIAS right now. MARKETS currently have a NEUTRAL SENTIMENT, but the RISK ON SENTIMENT is too heavy. HIGH BEATA CURRENCIES are also UP going very well.
- NZDUSD PRICE can return to 0.6520 LEVEL and then UP from that LEVEL. NZDUSD SHORT TERM may be further BUY if COMMODITIES PRICES UP UP, VOLATILITY DOWN.
- NZDUSD PRICE can go to 0.6520 LEVEL before UP. Then you can BREAK the TREND LINE and UP to 0.6730 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently down a bit. The main reason for this is that COMMODITIES are DOWN and some EQUITIES are DOWN. The NZD FEATURE stands at 0.6732 LEVEL. DXY is currently UP. According to the MARKET SENTIMENT and the USD is currently slightly STRONG. Prices are below NZDUSD DYNAMIC LEVELS.
- Currently SENTIMENT OVERALL MARKET SENTIMENT OVERALL MARKET is RISK ON. Also the EQUITIES have become a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES are now showing a DOWN SIDE BIAS. Currently on the market is a RISK ON SENTIMENT. HIGH BEATA CURRENCIES UP MARKET RISK ON.
- NZDUSD PRICE can return to 0.6660 LEVEL and then UP from that LEVEL. NZDUSD SHORT TERM may be further BUY if COMMODITIES PRICES UP UP, VOLATILITY DOWN.
NZDUSD Strong sell signalThe NZDUSD pair has been trading within a long-term Channel Down since the start of 2021. Our last call on this pair was a buy signal and our 0.7000 target has been hit:
The price broke below the Lower Lows trend-line, creating a small divergence and we have to re-adjust our projected Fibs. As you see, every Lower High has been near the 0.786 Fibonacci retracement level, which was also the case for the last Lower High of April 05. The recent Lower Low however broke the -0.236 Fib extension sequence as the price marginally broke below the Channel Down.
Regardless of that, the price is still a solid sell signal at the beginning of a new selling sequence. The 1D MA50 (blue trend-line) broke today, giving the final confirmation for a bearish break-out. Our target is the 0.6530 Low. Traders seeking more risk on the long-term may even target the previous -0.236 Fib extension sequence at 0.63670.
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NZDUSD | Perspective for the new weekA bullish trendline is identified in the 4H timeframe and this line also shares a confluence with a significant key level at 0.68250. We shall hereby be looking for a breakout of a reversal set-up for a signal to join the potential bullish trend. However, a breakdown/retest of key level might incite a risk of further decline hence the need to be very conscious as we monitor price action.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NZDUSD | Live position reviewWe have moved stop-loss to 25pips from entry as we continue to monitor price action. Thank you
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NZDUSD | Live position reviewThe identification of a reversal pattern around 0.695 area is a signal that there is a risk of a further decline in the price of the Kiwi. Find in the video how I intend to take advantage of the potential downtrend. I thought I publicly shared a publication on my bearish bias but unfortunately, I do not have it anymore, please bear with me.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NZDUSDNZDUSD is Currently in a Down Trend and Playing Inside Trend lines (Falling wedge) . The Point where Price is right now is not Good to Short the market as every Trader Must be Shorting it out here So Look For Opportunities to Sell the Market from Upwards Correction , which would be a Preparation to Go More Down !